Music Publishing

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Transcript of Music Publishing

Music PublishingRoyaltiesmoney paid to you whenever your song is played, or manufactured into a recordinghow songwriters earn moneyThere are 4 types of royaltiesMechanical Royalties money collected each time a recording of the song is reproduced9.1 cents per song, per copya mechanical royalty is a compulsory license with a statutory ratePerformance Royalties Money collected every time a song is broadcast on the radio, on a website, in a business establishment, or performed live. NOTE: Public Performance does NOT pay "performers" only songwritersSync License a song earns money when used in a movie, on T.V. in a video game or in a commercial. Electronic Transmissionsdoes the use fall under a "performance" or is it a "mechanical" reproduction????why does that matter?Mechanical Royalties are collected and distributed byHarry Fox Agency unless you're ...orwhile ...Public Performance Royaltiesare collected and distributed bythe major Performance Rights Organizations (PROs)Society of European Stage Authors and ComposersAmerican Society of Composers, Authors and PublishersBroadcast Music, Inc.collects royalties on the behalf of sound recording copyright owners for certain kinds of non-interactive digital transmissions.satellite and Internet radio and streaming services like Pandora and now iTunes RadioNOT the songwriterthe owner of the "master" / sound recording copyrightPublishing CompaniesandPublishing ContractsThe copyrights owned and administered by publishing companies are one of the most important forms of intellectual property in the music industry. (The other is the copyright on a master recording that is typically owned by a record company.) Assignment of copyrightsongwriter or composer "assigns" the copyright of their composition to a publishing company for the term of the contract. USEIn return, the company licenses compositions, helps monitor where compositions are used, collects royalties and distributes them to the composers. They also promote existing compositions to recording artists, film and television.50/50Songwriter's sharePublisher's shareyour 9.1 cent Mechanical Royalty just dropped to 4.55 centsCo-PublishingIf you start your own publishing company and then want to work with a larger publishing company you can try to negotiate a co-publishing deal50/50Songwriter's sharePublisher's share50/50larger Publishing company's shareSongwriter owned publishing company's share/ \<<example of 9.1 cent Mechanical Royaltywith a Co-Publishing deal: 4.55 cents to songwriter / 4.55 cents split between two publishing Co. (2.275 cents each)

Songwriter ultimately earns 6.825 cents on mechanical royalties

Recoupment?cross collateralizationmoney you earn as a songwriter may be used to recoup debts to your record labelThough the company name was once an acronym, today it is simply SESAC and not an abbreviation of anything.460,000 songwriters, composers, and music Publishers and 8 million musical works550,000 songwriters, composers, and music publishers and 7.5 million musical worksASCAP and BMI collect nearly $1,000,000,000 annually each